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Vasquez is averaging 5.6 points, 3.1 assists and 2.1 rebounds in 17 games with the Hornets this year. He averaged 3.6 points in 70 games with the Grizzlies in 2010-11.
The former Maryland standout was dealt to New Orleans in December.
Saunders was in his third season with the Wizards, who started the year with eight straight losses and were coming off a 103-83 setback on Monday in Philadelphia. He had one more year remaining on a four-year contract.
It is the second coaching change of the truncated NBA season, as Sacramento fired Paul Westphal on January 5.
Charlotte, NC (Sportsbook Betting Lines) - Charlotte Bobcats guard D.J. Augustin will miss four games due to an inflammatory condition of the sesmoid bones that lie in the flexor tendons on his right big toe. Augustin was seen by Charlotte orthopedist Dr. Bob Anderson on Tuesday.
He is averaging 13.6 points, 6.6 assists and 3.1 rebounds in 17 games this season.
Deng told reporters that he will attempt to play through the injury after a bit of time for healing.
East Rutherford, NJ (Sportsbook Betting Lines) - New Jersey Nets forward Damion James underwent successful right foot surgery on Tuesday. He will miss the remainder of the season. The procedure, which was performed by Dr. David Porter at Indiana University Health Hospital in Indianapolis, involved the replacement of a screw in James' fifth metatarsal. He fractured the bone last season and originally underwent surgery on December 13, 2010.
Memphis, TN (Sportsbook Betting Lines) - The Memphis Grizzlies exercised the third-year contract option on swingman Quincy Pondexter Tuesday, keeping him on the team through the 2012-13 season. Pondexter has appeared in 16 games for Memphis this season, averaging 4.4 points and 2.1 rebounds in 14.9 minutes a game.
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Points Warns Team Down Magic
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Games Against Season D'antoni
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Bowen Backs Quarter For Monday
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